Morristown, Hamblen County, Tennessee Property Taxes

Name: Property Tax Bills Across Morristown, Hamblen County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Morristown, TN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Morristown, TN home value: $103,700
Median annual Morristown, TN tax bill: $637, $1,763 lower than the national median property tax bill of $2,400.

How are property taxes in Hamblen calculated?

Property taxes in Morristown, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Morristown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morristown, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Morristown, Hamblen County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$508

$472

Ownwell’s Morristown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morristown with just two data points. By entering your property's estimated assessed value, our calculator applies Morristown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hamblen County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Morristown, Hamblen County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Morristown’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. Morristown, located in Hamblen County, has a median property tax rate of 0.49%, which is significantly lower than the national median of 1.02%. This low rate is consistent across the county, as seen in the zip codes 37814 and 37813, both reflecting the same rate. This makes Morristown an attractive option for property owners looking to save on property taxes. Understanding these rates can help homeowners make informed decisions about their investments and potential savings.

Property Tax Rates Across Morristown, Hamblen County, Tennessee

Source: Ownwell

0.49%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Morristown Tax Rate

0.49%

Median Effective Hamblen County Tax Rate

0.49%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morristown, Hamblen County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37813	0.49%	0.49%	0.49%	0.79%	0.79%
37814	0.49%	0.49%	0.49%	0.79%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Morristown, Hamblen County, Tennessee

When examining property taxes in Morristown, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hamblen County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Hamblen County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Morristown. For example, the median home price in Morristown is $103,700, with tax bills ranging significantly across the county. 37814 has the highest median home price at $116,000.

Property Tax Assessment Values Across Morristown, Hamblen County, Tennessee

Source: Ownwell

$28,000

$79,100

$130,200

Median Morristown Market Value

$103,700

Median Hamblen County Market Value

$105,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morristown, Hamblen County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37813	$16,300	$49,500	$87,600	$127,900	$181,880
37814	$19,300	$65,450	$116,000	$171,950	$249,300

Source: Ownwell

Property Tax Bills Across Morristown, Hamblen County, Tennessee

In Morristown, TN, located in Hamblen County, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors like property size, location, and improvements can influence this assessed value. The median property tax bill in Morristown is notably lower than the national median of $2,400, with the highest median tax bill reaching $689 in the 37814 zip code. For homeowners, these property taxes can significantly impact monthly expenses, especially if not accurately assessed. This is where Ownwell steps in, offering expertise in property tax appeals and exemptions. By thoroughly reviewing your property’s assessment, Ownwell identifies potential savings and assists in reducing your tax burden. This service ensures that homeowners only pay their fair share, potentially saving hundreds of dollars annually, and providing peace of mind in managing homeownership costs.

Property Tax Bills Across Morristown, Hamblen County, Tennessee

Source: Ownwell

$158

$424

$689

Median Morristown Tax Bill

$637

Median Hamblen County Tax Bill

$619

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Morristown, Hamblen County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37813	$90	$273	$546	$777	$1,081
37814	$118	$414	$689	$1,057	$1,630

Source: Ownwell